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Analysts Conflicted on These Real Estate Names: Iron Mountain (IRM), Digital Realty (DLR) and Veris Residential (VRE)

Companies in the Real Estate sector have received a lot of coverage today as analysts weigh in on Iron Mountain (IRMResearch Report), Digital Realty (DLRResearch Report) and Veris Residential (VREResearch Report).

Iron Mountain (IRM)

In a report issued on May 16, Jonathan Atkin from RBC Capital maintained a Buy rating on Iron Mountain, with a price target of $90.00. The company’s shares closed last Monday at $82.10, close to its 52-week high of $83.00.

Atkin has an average return of 34.0% when recommending Iron Mountain.

According to TipRanks.com, Atkin is ranked #108 out of 8867 analysts.

Iron Mountain has an analyst consensus of Strong Buy, with a price target consensus of $87.80, implying a 7.2% upside from current levels. In a report issued on May 7, Wells Fargo also maintained a Buy rating on the stock with a $90.00 price target.

See the top stocks recommended by analysts >>

Digital Realty (DLR)

In a report released yesterday, Anthony Hau from Truist Financial maintained a Buy rating on Digital Realty, with a price target of $160.00. The company’s shares closed last Monday at $143.35, close to its 52-week high of $154.18.

According to TipRanks.com, Hau is a 3-star analyst with an average return of 1.9% and a 55.9% success rate. Hau covers the NA sector, focusing on stocks such as Alpine Income Property Trust Inc, Rexford Industrial Realty, and Plymouth Industrial Reit.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Digital Realty with a $147.53 average price target, representing a 2.8% upside. In a report issued on May 7, Wells Fargo also maintained a Buy rating on the stock with a $155.00 price target.

Veris Residential (VRE)

In a report released yesterday, Michael Lewis from Truist Financial maintained a Hold rating on Veris Residential, with a price target of $15.00. The company’s shares closed last Monday at $15.60.

According to TipRanks.com, Lewis is a 5-star analyst with an average return of 7.4% and a 64.8% success rate. Lewis covers the NA sector, focusing on stocks such as Easterly Government Properties, National Health Investors, and COPT Defense Properties.

Veris Residential has an analyst consensus of Moderate Sell, with a price target consensus of $13.00.

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